Announcement regarding 1971 sugar beet crop and 1972 payments

(1)

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-Great Western Sugar

Company

P. 0. Box 5308, Terminal Annex DPnver, Colorado 80217

(303) 893-4600

October 24, 1972

CO!HACT: Or. C. F.

D,ivan,

Jr.

303/893-471 l (Denver)

or

Martha

K.

Evans

303/893-4784

(Dcnv~~) A subsidiary of CreatWestern United Corporation

FOR

RELEASE:

Thursday,

October

26, 1972

Longmont, Colora~o

...

October 26, 19/2 ... Sugarbeet payments

reached recor

ci

levels

in

the

seven-state

growing area

of The

Great

Western Sugar

Co

mpany

,

George£

.

Wilber, Jr., president,

ann

ounce

d today

.

He

noted

that

total cash returns to sugarbeet

gr

ower

s set

a

67-year

high

of

$104.6

million

on Octo

ber

25 when

$8.4

million wa~

malled

to 5,000

gro~ers

in

final

psyment for

the

i r

1

9

71

crop •

Sugarb

ee

t

growers

in

Colorado,

Kansas, Nebrask2, Montana

and

Wyomir.s

receiv

ed

$0.81 mo:-e per ;:on for their 1971 -::ior beets

than

for

their 1970 crop. Total payments in the sev~n

state

s,

which include Ohio a1d ~lichigan,

\vere

$91.6

million

from

the

Comp<'.lny

and $13 rn i 11

ion

f i

r,a

nced

by

a

f

edera

1 tax

on the sugar

industry under the Sugar

Act.

(2)

-more-- -more-- -more-- -more-- -more-- -more-- ~ - - -

-Great Western Sugar

Compan

y

Page 2

October

26, 1972 ...

Longmont, Colorado

"Of the

$8

.

4

mi

11

iori figure,

$1.4

mi

11

ion was paid to c:pproximately

1,100

growers in the North Central Colorado District;• said Clare~ce Dav.:in, district general manager. "Th.e growers in this district received n final average payment of

$1

.33 per ton, and an overall average

total payment of

$17.57

per ton for their

1971

crop.11

11

Exct:l le11t pr ices for sugar and above average beet yields per acre contributed to the record payments," \Jilber commented. He added ~hat the

1972

crop now being harvested iooks good, and if sugar prices continue strong, next year could be another fine year for Gre~t ~Jestern Su£ar £ro1,1crs and the Compc:ny.